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Originally Posted by stonetools
Well , yeah. The point,is, as our good friend anamardoll missed completely, is that temporarily lowering price of the book as a promotion, worked to boost sales and therefore income once he brought the price up back up to 2.99 .
However, lowering price to 0.99 did not result in the kind of increased volume that made it a better deal for him to permanently lower the price to 0.99. He was clear about THAT.
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I don't think he was.
http://jakonrath.blogspot.com/2011/0...nt-update.html
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As of 2/15/2011 7:30pm, The List had sold 592 copies sold on Kindle this month. That had earned me about $1200.
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That is ~$80 a day.
http://jakonrath.blogspot.com/2011/0...xperiment.html
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From March 1 to March 16 at 3pm, my ebook The List, priced at 99 cents and fluctuating in rank between #13 and #23, earned $5647. It averaged $375 a day. It peaked at $525 a day.
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http://jakonrath.blogspot.com/2011/0...update_15.html
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On February 15 at 7:30pm, I dropped the price of my ebook The List from $2.99 to 99 cents.
It has now been that price for a month. So I'm raising the price back up to $2.99. The price change should take effect sometime tonight.
The List peaked as high as #15 on the Kindle bestseller list. It is currently at #23, and selling more than 1500 copies a day. In the 28 days it was 99 cents, it sold about 20,300 copies. It took 9 days to reach the Kindle Top 100, and has been there 20 days. Each copy sold has earned me 35 cents.
The total I earned during the 99 cent experiment was roughly $7100.
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That is ~$235 per day.
He made
considerably more money selling at 99c than he had made selling at $2.99 the month before. And that is even though he only gets 35% of the cover price at 99c rather than 70% at $2.99. Also interesting to note that he was making more money in the last 15 days at 99c than the first 15, so it wasn't simply an immediate burst of sales, but the effect of getting into the top sales lists.